'Oversight doesn't necessarily impede speed here,' said Peter Orszag, former director of the Office of Management and Budget.
" "If you don't have any oversight at all, you're just asking for trouble. There will be more fraud than is necessary."
Orszag, the former director of the Office of Management and Budget, said he does not think properly administered oversight will create bureaucratic inefficiencies that make it harder to execute the programs.Lazard"In fact, what I would say is there is a risk to too little oversight because it will generate more backlash when things go wrong and therefore undermine the ability to do more later when we need it," he added.
Orszag said he thought the government's policy response has been appropriate in scale, given the wide-ranging challenges presented by the COVID-19 outbreak. "I think it's great that we're experimenting with lots of different programs. There's like an alphabet soup that's forming," he said, referencing both the new small business loan program and the Federal Reserve's"That's all great, because we are in a moment where that kind of aggressive action is absolutely warranted, but that doesn't mean you don't need any oversight," he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says he is astounded that Obama has not endorsed BidenPresident Donald Trump on Wednesday questioned why former President Barack Obama has not endorsed Joe Biden, his former vice president and the apparent Democratic presidential nominee
Read more »
Michelle Obama Says John Krasinski’s 'Hamilton' Reunion Made Her 'Smile'
Read more »
Michelle Obama Makes Rare Political Statement Criticizing Wisconsin for Holding Primary VoteFormer First Lady Michelle Obama gave rare input on current politics Tuesday, tweeting that the U.S. needs to “do better to ensure voting is safe…
Read more »
New White House press secretary Kayleigh McEnany takes heat for past comments on Obama, coronavirusKayleigh McEnany posted several tweets in 2012 about the theories spread by 'birthers,' or those who questioned Obama's birthplace.
Read more »
Michelle Obama Criticized A Very Controversial Supreme Court Decision“We must do better to ensure voting is safe for all voters,” Obama wrote on Twitter, after the Supreme Court allowed in-person voting to continue in Wisconsin.
Read more »